This may be old news to some, but Douglas Hanes has left the Los Angeles Daily News as publisher, and his house in the exclusive Oaks gated community in Calabasas has left the market marked as sold.
Hanes was publisher of the San Fernando Valley’s daily newspaper for about seven years before the paper began playing Revolving Door Publishers. Hanes and his wife moved to their Newport Beach home after his tenure ended in 2009. The buyer of the Oaks property is a Bank of America executive.
Hanes, who served as publisher-president of the Daily News, was previously senior vice president of advertising and marketing with the Los Angeles Newspaper Group.
The listing price of the five-bedroom, six-bathroom French provincial view estate was originally $3.3 million, but a few reality kicks to the curb later, it was lowered to $2.9 million. According to the MLS, it was sold for $2.55 million. Public records show that Hanes and his wife paid $2.54 million for the property in August 2004. In today’s real estate parlance, that’s called escaping with your shirt.
Pretty nice digs, too, in what is generally regarded as the premier Calabasas address to have. The estate, located at the end of a cul-de-sac, has a pool, spa, built-in barbecue and fountains in the parklike yard. The home has a state-of-the-art movie theater/music studio. There are distressed wood planked floors, and the family room opens to a customized chef’s kitchen with four ovens, Carrera marble countertops, crown moldings, imported chandeliers and customized window coverings.
Doug Arbetman, Coldwell Banker Calabasas, was the listing agent.
The listing price for commercial director and restaurateur Joe Pytka’s Castillo del Lago in the Hollywood Hills is a little less than $8 million, significantly cooled from when it entered the kitchen at the oven-roasted price of $14.9 million in spring 2009.
The property is arguably the most secure compound in greater Los Angeles – befitting the fact that it was Bugsy Siegel’s hideout. Built in 1926 and with views stretching from downtown Los Angeles to Catalina Island, the home has an open floor plan, 25-foot beamed ceilings in the living room, a wood-paneled library, and a formal dining room with intricate period touches.
Pytka is considered one of the best and most prolific commercial directors in the world and likely made more Super Bowl ads than the rest of the pack combined. But his real love is the kitchen. He once purchased a $35,000 truffle for his popular restaurant Bastide, which reopened on Melrose Place in December.
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